FLEXIBILITY IN CONTRACTING AWARD PROGRAM.

SEC. 834. FLEXIBILITY IN CONTRACTING AWARD PROGRAM.(a) Establishment of Award Program.—The Secretary of Defense shall create an award to recognize those acquisition programs and professionals that make the best use of the flexibilities and authorities granted by the Federal Acquisition Regulation and Department of Defense Instruction 5000.02 (Operation of the Defense Acquisition System).(b) Purpose of Award.—The award established under subsection (a) shall recognize outstanding performers whose approach to program management emphasizes innovation and local adaptation, including the use of—(1) simplified acquisition procedures;(2) inherent flexibilities within the Federal Acquisition Regulation;(3) commercial contracting approaches;(4) public-private partnership agreements and practices;(5) cost-sharing arrangements;(6) innovative contractor incentive practices; and(7) other innovative implementations of acquisition flexibilities.